All corporate cheques will be eliminated by end-2025 while individuals will still be able to use cheques for a period after 2025, MAS announced on Friday (28 July). (PHOTO: Getty) · payphoto via Getty ...
Banks to charge for use of Singdollar cheques by Nov 1, to stop taking corporate cheques by end-2025
SEVEN banks in Singapore – DBS, OCBC, UOB, Citibank, Maybank, Standard Chartered and HSBC – will start charging for the use of Singapore dollar-denominated cheques by Nov 1. Other banks will do so by ...
More people are using e-payment solutions such as PayNow and FAST. Singapore’s banks are reporting a steep decline in cheque use as the country moves toward ending physical cheque payments by 2027, ...
SINGAPORE – Corporate cheque usage in Singapore has dropped significantly over the years, but getting rid of it entirely is not so straightforward. Certain businesses will need help to transition away ...
SINGAPORE — Seven major banks in Singapore — Citibank, DBS Bank, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB — will begin charging individuals for Singapore dollar-denominated cheques by ...
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